Competitive charges

Low Charges

Our low charges mean that, unlike some other ISAs, less of the money you invest is taken up on management fees - so your money goes further.

No initial charge

The SIT ISA has no initial plan charge.

As with all shares, there is compulsory government stamp duty on purchases and a different buying and selling price applies (average spread 0.5%). For every £100 of SIT shares purchased, 50p is paid in government stamp duty (which is currently levied at the rate of 0.5% of the amount invested). There is also a PTM (Panel on Takeovers and Mergers) levy of £1 for any purchase or sale of shares over £10,000.

There is no dealing fee or commission charge.

Capped annual charge

The annual ISA management charge of just 0.6% (including VAT) of the value of your investment is currently capped at £30 + VAT regardless of how much your ISA investment grows or how many ISA years' allowances you have invested in SIT.

No withdrawal charge or closure fee

Withdrawals are free and they can be made at any time.

Interest

Interest is paid at the Administrator's prevailing rate on any uninvested cash balance over £1.

Transfer charges

We make no transfer-in charge to transfer an existing ISA into The SIT ISA.

There is a transfer-out charge of just £30 + VAT to transfer your SIT ISA.

Fund overheads

As in any public limited company (PLC), the overheads of running the trust are clearly identified as expenses in SIT's annual report. These expenses are not levied directly on the investor, they are paid out of the income of the trust. SIT dividends are paid to shareholders after these costs have been met. Please refer to our Key Features document for details of current expenses and their effect on an investment.

With no initial or closure charges, very competitive overheads and a capped annual management charge, The SIT ISA is one of the most cost-efficient stocks and shares ISAs on offer.

Flexibility